Note comment from co-founder of ummm Orbit Markets. Haha (Bloomberg) Crypto’s milestone The ultimate Trump trade just hit six figures. Bitcoin passed $100,000 for the first time, bringing gains since the November election to 50%. The latest leg up came after Trump selected Paul Atkins, a pro-crypto regulator, to head the US Securities and Exchange Commission. He’ll replace Gary Gensler, who attracted the ire of crypto enthusiasts for cracking down on digital assets. A price of $100,000 means the market value of all Bitcoin in circulation is just shy of $2 trillion, a sum larger than most of the world's publicly traded companies. Hitting $100,000 is “a huge milestone for the token and the crypto industry as a whole,” said Caroline Mauron, co-founder of Orbit Markets, a provider of liquidity for crypto derivatives. “We expect further momentum from here for the coming days." Other popular crypto assets have also soared amid hope the sector will benefit from a second Trump term. Dogecoin, a smaller and more speculative cryptocurrency whose supporters include Elon Musk, has more than doubled. The milestone meets forecasts from the likes of Anthony Scaramucci and Michael Novogratz, two hedge fund managers who have emerged as some of Wall Street's biggest crypto boosters. The rally also reflects the new suite of exchange-traded funds tracking Bitcoin that have emerged this year. These offerings include ETFs from the likes of BlackRock and Fidelity and bring the ease and familiarity of trading on the stock market to crypto, expanding Bitcoin's potential ownership base. Gensler's departure is expected to bring to an end a period where the SEC targeted crypto firms, in part because a 2022 market rout in digital assets exposed fraudulent practices. “My mom always told me if I didn’t have anything nice to say, don’t say anything at all. So I’m just gonna sit this one out,” Coinbase Chief Legal Officer Paul Grewal wrote on X after Gensler last month announced his pending departure. —Richard Henderson
OMG you guys....the news has NOTHING to do with price action! How many times do I have to get that across to you? Price was projecting 160k after the lows in January just based on previous post halvening rallys. The recent news is just accompanying the pre-determined rally. Here's the math: 2016 rally went from 400 to 19k or 4650% 2020 rally went from 3k to 70k or 2233% That's a 51% drop in % increase. If we adjust for that in 2024 the we have 14k to ? = 1094% ?=$167,250
You were so far off even after parroting what I was already saying lol. The part where you went off my script is where you went sideways. Ftx and genesis didn't squander anything...they were part of the pre-determined 80% drawdown. You were calling for a 1-2M bitcoin by summer lol. Anyway I posted a chart showing 100k back on Jun9. You posted your prediction in September lol. I can probably find an even earlier reference I made for 100k by eoy if I keep looking. Posted on Jun9
How come you're leaving Johnarb? This is only the begining. There is more great things ahead. Stop in every once in a while because I don't think I can control all the clowns on this page haha